Gold is breaking above my tramline

Gold has overcome one level of resistance. Can it reach the second - or even third? John C Burford uses his trading methods to search the charts for clues.

I'm seeing important developments in all three of my favourite markets: the EUR/USD, the Dow, and gold. I'm spoiled for choice today!

But since gold is always popular with readers, I'm going to kick off this week by looking at that.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.